This classic work lays out both the theoretical framework of commercial law and the application of fundamental principles to typical business and financial transactions, explaining complex ideas with great clarity. With its unique combination of theory and practice, it is widely acclaimed by practising lawyers in many countries, and by law teachers and students, and it has been extensively cited in judicial decisions, from the House of Lords downwards.

This new edition has been revised to bring the work completely up to date, incorporating a treatment of a significant number of leading cases in commercial law, as well as numerous important new developments affecting international commercial transactions.

'Searching analysis and meticulous exposition coupled with a lucid clarity of style and a relaxed lightness of touch combine to make the book not only compulsory but compulsive reading for anyone interested in its field' Law Quarterly Review

'A work of immense scholarship ... Professor Goode's work must be as nearly exhaustive as can be possible and as produced by Penguin is a triumph of paperback publishing' Solicitor's Journal

'Clear and comprehensive ... The student and practitioner will find it indispensable; the interested layperson too will benefit from it as a work of reference' British Business